|  |  |  |
| --- | --- | --- |
|   | (b) | The Letter of Credit may have a validity period or periods ending prior to the Required LC Expiry Date, provided that (i) the Letter of Credit shall, in each case, be renewed,
extended or reissued and delivered to Lessor not later than thirty (30) days prior to its expiry (provided that there shall be no duplication of draw rights); and (ii) a Letter of Credit shall remain in force at all times up to the Required LC
Expiry Date.  |

  




|  |  |  |
| --- | --- | --- |
|   | (c) | If at any time during the Term, Lessor reasonably determines that the current issuing or confirming bank for the Letter of Credit is no longer an acceptable issuing or confirming
bank (by virtue of a material adverse change in its financial condition or a decrease in any credit rating of its long term unsecured debt obligations) Lessor may notify Lessee of such fact and, in such event, Lessee shall within ten (10) Business
Days after the date of such notice cause the Letter of Credit to be replaced by a Letter of Credit issued by a Pre-Approved Bank or another bank acceptable to Lessor (in its sole and absolute discretion).  |

  


- 20 -